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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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52( 15 ), pages 2822-2848, November. Mazaheri Nimah, 2013. "," Business and Politics, De Gruyter, vol. 15( 3 ), pages 295-321, October. Laura Routley, 2012. "," Global Advancement Institute Working Paper Series esid-003-12, GDI, The University of Manchester. Duckett, Jane, 2001. "," World Advancement, Elsevier, vol. 29( 1 ), pages 23-37, January. El-Haddad Amirah, 2020. "," Review of Middle East Economics and Financing, De Gruyter, vol.
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Economic diversity is the process of transitioning an economy far from reliance on a single sector or source of earnings to multiple sectors and markets. This type of financial shift is currently underway in the Gulf Cooperation Council (GCC) region, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing quick socio-economic improvement.
The GCC area is undergoing a transformative phase focused on financial diversity and sustainable development.
A strong chauffeur behind financial diversification and green transition strategies in the GCC is the well-documented effect of environment change in the region being experienced now and in the future. The World Bank estimates that approximately 100 million people in the Middle East, consisting of the GCC, will struggle with water stress by 2025, with portions of the area anticipated to end up being uninhabitable by the end of the century due to water deficiency and high temperatures.
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